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Side-by-side financial comparison of Pangaea Logistics Solutions Ltd. (PANL) and PRA GROUP INC (PRAA). Click either name above to swap in a different company.
PRA GROUP INC is the larger business by last-quarter revenue ($333.4M vs $183.9M, roughly 1.8× Pangaea Logistics Solutions Ltd.). PRA GROUP INC runs the higher net margin — 17.0% vs 6.5%, a 10.5% gap on every dollar of revenue. On growth, Pangaea Logistics Solutions Ltd. posted the faster year-over-year revenue change (24.9% vs 13.7%). Over the past eight quarters, Pangaea Logistics Solutions Ltd.'s revenue compounded faster (32.5% CAGR vs 14.2%).
Pangaea Logistics Solutions Ltd. is a global dry bulk logistics and shipping service provider. It operates a modern fleet of dry bulk vessels to transport a wide range of commodities including grains, minerals, construction materials, and energy-related raw materials, serving industrial, agricultural, and energy sector clients across North America, Europe, and Asia with tailored end-to-end bulk cargo supply chain solutions.
PRA Group, Inc. is a publicly traded debt buyer and debt collection company based in Norfolk, Virginia. The company buys delinquent consumer debt from credit card issuers and other financial institutions at a discount and pursues collection of the full debt owed. Founded in 1996, PRA Group employs more than 3200 people in 18 countries.
PANL vs PRAA — Head-to-Head
Income Statement — Q4 FY2025 vs Q4 FY2025
| Metric | | |
|---|---|---|
| Revenue | $183.9M | $333.4M |
| Net Profit | $11.9M | $56.5M |
| Gross Margin | — | — |
| Operating Margin | 9.5% | 37.7% |
| Net Margin | 6.5% | 17.0% |
| Revenue YoY | 24.9% | 13.7% |
| Net Profit YoY | 40.9% | 206.3% |
| EPS (diluted) | $0.18 | $1.47 |
Green = leading value per metric. Periods may differ when fiscal calendars don't align.
8-Quarter Revenue & Profit Trend
Side-by-side quarterly history. Quarters aligned by calendar period so offset fiscal years line up.
| Q4 25 | $183.9M | $333.4M | ||
| Q3 25 | $168.7M | $311.1M | ||
| Q2 25 | $156.7M | $287.7M | ||
| Q1 25 | $122.8M | $269.6M | ||
| Q4 24 | $147.2M | $293.2M | ||
| Q3 24 | $153.1M | $281.5M | ||
| Q2 24 | $131.5M | $284.2M | ||
| Q1 24 | $104.7M | $255.6M |
| Q4 25 | $11.9M | $56.5M | ||
| Q3 25 | $12.2M | $-407.7M | ||
| Q2 25 | $-2.7M | $42.4M | ||
| Q1 25 | $-2.0M | $3.7M | ||
| Q4 24 | $8.4M | $18.5M | ||
| Q3 24 | $5.1M | $27.2M | ||
| Q2 24 | $3.7M | $21.5M | ||
| Q1 24 | $11.7M | $3.5M |
| Q4 25 | 9.5% | 37.7% | ||
| Q3 25 | 10.0% | -101.4% | ||
| Q2 25 | 2.3% | 29.6% | ||
| Q1 25 | 2.4% | 27.7% | ||
| Q4 24 | 10.1% | 32.1% | ||
| Q3 24 | 9.8% | 32.0% | ||
| Q2 24 | 5.8% | 31.4% | ||
| Q1 24 | 10.5% | 26.0% |
| Q4 25 | 6.5% | 17.0% | ||
| Q3 25 | 7.2% | -131.0% | ||
| Q2 25 | -1.8% | 14.7% | ||
| Q1 25 | -1.6% | 1.4% | ||
| Q4 24 | 5.7% | 6.3% | ||
| Q3 24 | 3.3% | 9.6% | ||
| Q2 24 | 2.8% | 7.6% | ||
| Q1 24 | 11.1% | 1.4% |
| Q4 25 | $0.18 | $1.47 | ||
| Q3 25 | $0.19 | $-10.43 | ||
| Q2 25 | $-0.04 | $1.08 | ||
| Q1 25 | $-0.03 | $0.09 | ||
| Q4 24 | $0.19 | $0.47 | ||
| Q3 24 | $0.11 | $0.69 | ||
| Q2 24 | $0.08 | $0.54 | ||
| Q1 24 | $0.25 | $0.09 |
Balance Sheet & Financial Strength
Snapshot of each company's liquidity, leverage and book value from the latest quarter.
| Metric | | |
|---|---|---|
| Cash + ST InvestmentsLiquidity on hand | $103.1M | $104.4M |
| Total DebtLower is stronger | $249.6M | — |
| Stockholders' EquityBook value | $429.3M | $979.9M |
| Total Assets | $928.1M | $5.1B |
| Debt / EquityLower = less leverage | 0.58× | — |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $103.1M | $104.4M | ||
| Q3 25 | $94.0M | $107.5M | ||
| Q2 25 | $59.3M | $131.6M | ||
| Q1 25 | $63.9M | $128.7M | ||
| Q4 24 | $86.8M | $105.9M | ||
| Q3 24 | $93.1M | $141.1M | ||
| Q2 24 | $77.9M | $118.9M | ||
| Q1 24 | $95.9M | $108.1M |
| Q4 25 | $249.6M | — | ||
| Q3 25 | $256.2M | — | ||
| Q2 25 | $244.7M | — | ||
| Q1 25 | $251.0M | — | ||
| Q4 24 | $257.2M | — | ||
| Q3 24 | $133.6M | — | ||
| Q2 24 | $90.5M | — | ||
| Q1 24 | $95.9M | — |
| Q4 25 | $429.3M | $979.9M | ||
| Q3 25 | $420.3M | $928.5M | ||
| Q2 25 | $414.4M | $1.3B | ||
| Q1 25 | $420.8M | $1.2B | ||
| Q4 24 | $427.8M | $1.1B | ||
| Q3 24 | $332.6M | $1.2B | ||
| Q2 24 | $331.5M | $1.1B | ||
| Q1 24 | $332.0M | $1.1B |
| Q4 25 | $928.1M | $5.1B | ||
| Q3 25 | $932.1M | $5.0B | ||
| Q2 25 | $916.0M | $5.4B | ||
| Q1 25 | $918.0M | $5.1B | ||
| Q4 24 | $936.5M | $4.9B | ||
| Q3 24 | $749.2M | $4.9B | ||
| Q2 24 | $692.9M | $4.7B | ||
| Q1 24 | $703.3M | $4.5B |
| Q4 25 | 0.58× | — | ||
| Q3 25 | 0.61× | — | ||
| Q2 25 | 0.59× | — | ||
| Q1 25 | 0.60× | — | ||
| Q4 24 | 0.60× | — | ||
| Q3 24 | 0.40× | — | ||
| Q2 24 | 0.27× | — | ||
| Q1 24 | 0.29× | — |
Cash Flow & Capital Efficiency
How much cash each business actually produces after reinvestment. Cash flow is harder to manipulate than net income.
| Metric | | |
|---|---|---|
| Operating Cash FlowLast quarter | $15.1M | $-85.5M |
| Free Cash FlowOCF − Capex | — | $-90.4M |
| FCF MarginFCF / Revenue | — | -27.1% |
| Capex IntensityCapex / Revenue | — | 1.4% |
| Cash ConversionOCF / Net Profit | 1.27× | -1.51× |
| TTM Free Cash FlowTrailing 4 quarters | — | $-169.4M |
8-quarter trend — quarters aligned by calendar period.
| Q4 25 | $15.1M | $-85.5M | ||
| Q3 25 | $28.6M | $-10.1M | ||
| Q2 25 | $14.4M | $-12.9M | ||
| Q1 25 | $-4.4M | $-52.6M | ||
| Q4 24 | $19.3M | $-94.6M | ||
| Q3 24 | $28.5M | $-35.0M | ||
| Q2 24 | $9.0M | $-29.5M | ||
| Q1 24 | $9.0M | $-73.0M |
| Q4 25 | — | $-90.4M | ||
| Q3 25 | — | $-11.3M | ||
| Q2 25 | — | $-14.2M | ||
| Q1 25 | — | $-53.5M | ||
| Q4 24 | — | $-98.6M | ||
| Q3 24 | — | $-36.1M | ||
| Q2 24 | — | $-30.8M | ||
| Q1 24 | — | $-73.5M |
| Q4 25 | — | -27.1% | ||
| Q3 25 | — | -3.6% | ||
| Q2 25 | — | -4.9% | ||
| Q1 25 | — | -19.8% | ||
| Q4 24 | — | -33.6% | ||
| Q3 24 | — | -12.8% | ||
| Q2 24 | — | -10.8% | ||
| Q1 24 | — | -28.8% |
| Q4 25 | — | 1.4% | ||
| Q3 25 | — | 0.4% | ||
| Q2 25 | — | 0.4% | ||
| Q1 25 | — | 0.3% | ||
| Q4 24 | — | 1.4% | ||
| Q3 24 | — | 0.4% | ||
| Q2 24 | — | 0.5% | ||
| Q1 24 | — | 0.2% |
| Q4 25 | 1.27× | -1.51× | ||
| Q3 25 | 2.34× | — | ||
| Q2 25 | — | -0.30× | ||
| Q1 25 | — | -14.37× | ||
| Q4 24 | 2.29× | -5.13× | ||
| Q3 24 | 5.57× | -1.29× | ||
| Q2 24 | 2.43× | -1.37× | ||
| Q1 24 | 0.77× | -21.01× |
Financial Flow Comparison
Revenue → gross profit → operating profit → net profit for each company.
Revenue Breakdown by Segment
PANL
| Voyage | $166.3M | 90% |
| Charter | $13.1M | 7% |
| Terminal Stevedore Revenue | $4.4M | 2% |
PRAA
| GB | $170.1M | 51% |
| Other | $163.3M | 49% |
